Russia’s billionaire Alisher Usmanov’s 500-million-pound megayacht, worth 600 million British pounds – one of the largest in the world – is ZEPITA by German authorities amid repression against Putin’s oligarchs
- Russian billionaire Alisher Usmanov was affected by EU sanctions on Monday
- The oligarch has been criticized for his ties to Vladimir Putin following Russia’s invasion of Ukraine
- German authorities detained his megayacht Dilbar for 600 million British pounds in Hamburg
- MP Chris Bryant called on Usmanov to face similar sanctions in Britain
The megayacht of sanctioned Russian billionaire Alisher Usmanov was detained amid repression against oligarchs friendly to Vladimir Putin, they said.
The 512-foot Dilbar, described as Usmanov’s valuable possession, was frozen by German authorities on Monday.
The ship, with an estimated value of £ 600 million, remains at shipyards in the northern city of Hamburg, where it has been under repair since late October.
The move is part of a freeze on Usmanov’s assets after he was sanctioned by the European Union in response to Russia’s invasion of Ukraine.
The megayacht of the sanctioned Russian billionaire Alisher Usmanov has been detained by the German authorities, announced
The move is part of a freeze on the assets of 68-year-old Usmanov after he was sanctioned by the European Union in response to Russia’s invasion of Ukraine.
Dilbar was built to order for Usmanov by German shipbuilder Lürssen and took 52 months to complete.
It is one of the largest yachts in the world in terms of volume and can accommodate over 100 passengers and crew in 58 cabins.
The yacht is part of Usmanov’s multibillion-dollar fortune, which includes stakes in iron ore and steel giant Metalloinvest and consumer electronics firm Xiaomi, as well as stakes in telecommunications, mining and the media.
Usmanov, an oligarch with ties to Vladimir Putin, also has several interests in the UK, and lawmakers have called on him to face similar sanctions.
Usmanov, an oligarch with ties to Vladimir Putin, was added to the list of EU-sanctioned individuals on Monday.
He responded to the EU in a statement on the website of the International Fencing Federation, of which he is president, writing: “On 28 February 2022, I was subject to restrictive measures imposed by the European Union.
“I believe that such a decision is unfair and the reason used to justify the sanctions is a set of false and defamatory allegations that damage my honor, dignity and business reputation.
Until this week, Usmanov had a sponsorship deal with Everton, which has since been suspended
“I will use all legal means to protect my owner and reputation.”
Despite calls from lawmakers, Usmanov has not yet received sanctions in Britain.
Usmanov has several interests in Britain, and until this week he had a sponsorship deal with Everton, which has since been suspended.
As early as 2018, the 68-year-old footballer had a 30% stake in Arsenal, but was sold to American owner Stan Kronke.
He also owns Beechwood House in the Highgate area of north London and Sutton Place in Surrey, worth more than £ 200 million.
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